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Ceragon Heads for Biggest Gain in Two Months on Wireless Orders

May 2 (Bloomberg) -- Ceragon Networks Ltd. headed for the biggest advance in more than two months after the maker of wireless networking systems received orders for high-capacity wireless equipment.

The shares advanced 3.1 percent, poised for the largest gain since Feb. 21, to 36.40 shekels at 12:25 p.m. in Tel Aviv. The benchmark TA-25 index advanced less than 0.1 percent.

Ceragon said it will provide high-capacity wireless point-to-point and point-to-multipoint solutions and “last mile” equipment to the Florida Rural Broadband Alliance. The new network will provide high-speed broadband services to 15 counties in Florida.

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net

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